Solana (SOL) has been displaying bullish signals lately, and according to the technical analysis, SOL price may boom in 2025. SOL is today trading at $131. This arrangement is a near-perfect reflection of Ethereum’s price action in 2021, as the second biggest altcoin showed a clear accumulation and breakout formation. Analysts are starting to think SOL is following an analogous pattern on the CME Futures fixture. In other news, OpenSea has relaunched its OS2 marketplace. Just recently it announced support for Solana (SOL) trading, currently for a subset of beta users, with plans for a wider rollout in the coming weeks.
SOL’s accumulation zone has been marked between the $120 and $130 levels, charting a breakout stage in the near future. SOL is on track to have a target price of more than $300, which would represent more than a 20x increase from its current price levels. That expected wave is predicated on the similarity we’ve seen between SOL’s current price movement and ETH’s full-run 2021 trajectory.
OpenSea’s move to add Solana trading to its OS2 platform is a big move in OpenSea’s self-described “multi-chain journey”. It needs to woo Solana users and devs to its new features and better UX (user experience). The first phase will see OS2’s Solana integration supporting SOL tokens, with NFT support for SOL coming in future phases.
OS2 aims to provide a better user experience through a homepage redesign, faster navigation, a wallet sidebar, and real-time notifications. The platform’s expansion to include Solana is likely to make it that much more attractive to a wider array of users. Right now, a limited set of beta users are testing the integration. Look for a broader expansion of SOL trading on OS2 in the next few weeks!
